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posted on 17 Jan 2021
To receive material for inwards, follow these steps:
Inspect the received material for any damages or discrepancies
Verify the quantity and quality of the material against the purchase order or delivery note
Record the received material in the inventory management system
Label the material with appropriate identification tags or labels
Store the material in the designated location within the warehouse
Auditing stocks in a warehouse involves physical counting, reconciling with records, and investigating discrepancies.
Perform a physical count of all items in the warehouse
Compare the physical count with the records in the inventory management system
Investigate any discrepancies and identify the root cause
Implement corrective actions to prevent future discrepancies
Regularly conduct audits to ensure accuracy of inventory
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